The former chief general counsel for the Australian Prudential Regulation Authority has joined Norton Rose Fulbright as a financial services partner.
Star’s former managing director Greg Hawkins has reached a mid-trial settlement with the corporate regulator in its case over the casino operator’s alleged lax money laundering compliance.
A finding that Noumi’s production of a PwC report to ASIC didn’t constitute waiver of privilege provides clarity that voluntary disclosure agreements can protect confidential information, but care must still be taken, lawyers say.
A former Star executive agreed to renew the casino’s relationship with a junket with organised crime links despite Star Sydney’s GC warning of suspicious transactions, a court has heard.
A frequent advisor to the Commonwealth and government ministers will join Norton Rose Fulbright’s Canberra office after 13 years at HWL Ebsworth.
On day one of trial in ASIC’s case accusing ten Star executives of turning a blind eye to money laundering, the court heard about a blue esky bag full of cash and people hiding under blankets to avoid CCTV.
Consumer goods giant Clorox has agreed to a $8.25 million penalty for representing to consumers that certain GLAD garbage bags were sourced from plastic fished from the ocean.
Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.
Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United’s alleged failure to disclose that a key contract was “loss-making”.
A judge has recused himself on the eve of trial from hearing a dispute between United Petroleum and Perth Airport over a lease and construction agreement, after revealing he had a relationship with one of the petrol chain’s witnesses.